Hillcrest landlords should allow renters to keep pets in their rental properties for several reasons. In reality, before deciding to accept dogs, the majority of landlords consider advantages including the ability to charge pet deposits and higher rent. Owners of single-family rental homes should be aware of the additional, unexpected benefits of allowing pets. Here are the strongest 5 reasons for letting tenants keep pets in your rental property.
Increased Property Values
Raising the value of your property is a hefty reason to allow tenants to have animals, According to studies, pet-friendly properties appreciate more quickly than properties that do not allow pets. In addition, homebuyers frequently seek out properties with pet-friendly amenities, such as pet entrances, fenced-in yards, etc. A pet-friendly rental property may have a higher market value than it would have otherwise.
Allowing pets can also increase the desirability of your rental property among prospective tenants. A recent survey revealed that, in reality, more than half of all renters would be more inclined to rent from a landlord that allows animals. This implies that permitting pets in your rental property will likely lower vacancy time.
Fewer Repair and Maintenance Issues
Contrary to conventional belief, pet-owning tenants are less likely to cause property damage than those without pets. This is due to the fact that pet-owning tenants are frequently more responsible renters, to begin with. Many pet-owning tenants are likely to apply the same level of attention to the rental property as they do to their pets.
The possibility of increased security for your home is yet another convincing argument in favor of allowing tenants to keep pets. Studies show that the prevalence of crimes like burglary and vandalism was lower in homes with pets. This is probably due to the fact that burglars are less likely to target a home if they are aware of the presence of a pet.
Improved Tenant Health
Lastly, allowing tenants to maintain pets can be extremely beneficial to their state of being. It has been demonstrated that pets decrease tension, blood pressure, and cholesterol levels. They can also promote physical activity and social interaction. For all of these reasons, residents with pets tend to be in better health than those without.
As you can see, there are a lot of compelling reasons to let tenants keep pets in your rental home. If you have been contemplating whether or not you should allow pets, maybe this list has persuaded you to at least give it a try! It will be valued by your tenants and property.
Would you like advice from a professional on how to accommodate pets in your rental property? Contact your local Real Property Management office today!
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